Bitdeer Technologies Hits Day Low of $16.55 Amid Price Pressure

Bitdeer Technologies Group experienced a notable decline today, with the stock dropping by 7.74% and reaching an intraday low of USD 16.55. This small-cap company operates within the Commercial Services & Supplies industry and has shown significant volatility in its performance metrics.
Over the past year, Bitdeer has delivered a remarkable return of 127.3%, significantly outperforming the S&P 500's 17.38%. However, year-to-date performance reflects a decline of 23.53%, contrasting sharply with the S&P 500's gain of 13.81%. In terms of recent performance, the stock has surged by 28.35% over the past week, indicating a fluctuating market position.

Financially, Bitdeer reported a pre-tax profit of USD -147.93 million, marking a substantial decline of 839.36%. The net profit also fell to USD -147.73 million, down 732.63%. Additionally, raw material costs have increased by 69.31% year-over-year, contributing to the company's challenging financial landscape. With a market capitalization of USD 2,499 million, Bitdeer continues to navigate a complex market environment.